Some may have a slightly higher interest rate than others, but may charge a lower set up fee. Others may have a lower interest rate but charge higher fees. Some may have no set up fee at all. Some lenders may require repayment by your next payday whereas others may offer a next but one payday option.

What you need

Having decided that you’d like to have a fast cash loan, to find out what is the best payday loan for you (and remember, what is best for you depends on your individual circumstances, which means it may not necessarily be the best loan for someone else) you may need to start with a couple of basic questions:

how much you’d like to borrow
when your next payday falls
would you prefer a next but one payday option

Typically you’ll be able to use the figures on the websites of the payday loan providers to see how much your payday advance may cost you.

You may find that in addition to a fixed transfer and administration fee, you’ll typically pay interest on the loan calculated on the number days that you actually have it.

So a 30 day loan of say $500 (https://paydayloansfloridaonline.biz/30-day-loans.html) until your next payday will typically cost you less than the same amount borrowed for 6 weeks. Depending on your own circumstances, the convenience of having the loan for longer may outweigh the extra interest charges. It may not.

(This general principle applies to any loan – typically the longer you have it the more you pay in interest.)

Bank overdraft

An alternative to a payday loan could be a bank overdraft. If for whatever reason though you are reluctant to approach your bank to ask for an overdraft facility then a payday loan may be a solution for you that could avoid you slipping into an unauthorised overdraft position – something that can often be very expensive.

it is that they don’t get the same life wear as a car tire. They are basically good for about 4-6000 miles, depending on the kinds of roads you drive and how you ride. Because DH uses it as a daily commuter, we are putting on about 2000 miles a month, minimum.

We bought it to save money on gas (which has absolutely happened) and time (also has happened) so it IS doing what it’s supposed to do. This is the primary reason maintenance is so high–it’s being ridden close to 100 miles a day. It just floored me to see what the “real” costs are.